Cadbury Nigeria Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	168,656	129,165	80,379	55,213	42,372
Revenue Growth (YoY)	30.57%	60.70%	45.58%	30.30%	19.67%
Cost of Revenue	133,173	110,937	63,042	47,490	35,894
Gross Profit	35,483	18,228	17,337	7,723	6,478
Selling, General & Admin	16,263	12,288	9,541	7,614	6,010
Other Operating Expenses	-	-	-39.87	-0.06	-0.05
Operating Expenses	16,263	12,288	9,498	7,610	6,010
Operating Income	19,220	5,939	7,839	112.59	467.45
Interest Expense	-4,035	-6,411	-4,829	-503.83	-249.58
Interest & Investment Income	451.21	434.6	2,263	1,608	856.03
Currency Exchange Gain (Loss)	2,135	-28,311	-37,558	-	-
Other Non Operating Income (Expenses)	-753.04	-	-	-	-
EBT Excluding Unusual Items	17,019	-28,348	-32,285	1,217	1,074
Gain (Loss) on Sale of Assets	-	-	-	36.48	0.42
Pretax Income	17,358	-28,326	-32,252	1,298	1,098
Income Tax Expense	8,388	-6,101	-9,806	715.3	648.21
Net Income	8,970	-22,225	-22,446	583.11	449.71
Net Income to Common	8,970	-22,225	-22,446	583.11	449.71
Net Income Growth	-	-	-	29.66%	-51.74%
Shares Outstanding (Basic)	2,280	2,280	1,878	1,878	1,878
Shares Outstanding (Diluted)	2,280	2,280	1,878	1,878	1,878
Shares Change (YoY)	-	21.41%	-	-	-
EPS (Basic)	3.93	-9.75	-11.95	0.31	0.24
EPS (Diluted)	3.93	-9.75	-11.95	0.31	0.24
EPS Growth	-	-	-	29.66%	-51.74%
Free Cash Flow	6,239	15,044	-903.03	-4,400	-914.97
Free Cash Flow Per Share	2.74	6.60	-0.48	-2.34	-0.49
Dividend Per Share	-	-	-	0.400	0.500
Dividend Growth	-	-	-	-20.00%	177.78%
Gross Margin	21.04%	14.11%	21.57%	13.99%	15.29%
Operating Margin	11.40%	4.60%	9.75%	0.20%	1.10%
Profit Margin	5.32%	-17.21%	-27.93%	1.06%	1.06%
Free Cash Flow Margin	3.70%	11.65%	-1.12%	-7.97%	-2.16%
EBITDA	21,334	7,828	9,463	1,575	1,791
EBITDA Margin	12.65%	6.06%	11.77%	2.85%	4.23%
D&A For EBITDA	2,113	1,889	1,624	1,462	1,324
EBIT	19,220	5,939	7,839	112.59	467.45
EBIT Margin	11.40%	4.60%	9.75%	0.20%	1.10%
Effective Tax Rate	48.32%	-	-	55.09%	59.04%
Advertising Expenses	4,659	3,275	3,542	3,365	2,857

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.